The scarce goods from the given options.

Question

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Answer 1

Question

Chapter 2, Problem 1P

To determine

The scarce goods from the given options.

Expert Solution & Answer

Answer to Problem 1P

Following are the scarce goods:

d. Clean air in a big city

f. A public library

Explanation of Solution

Given options:

Garbage
Salt water in the ocean
Clothes
Clean air in a big city
Dirty air in a big city
A public library

Garbage is a waste for human beings and is undesirable. No human wants are satisfied with garbage. Thus, garbage is not scarce.

Oceans are a large part of our earth. There is no dearth of salt water in the oceans. Therefore, salt water in the ocean is not scarce.

Clothes are not a scarce resource. Clothes are made from either natural or synthetic fibers, which can be produced as much as humans want. Thus, clothes are not scarce.

In big cities, air pollution is a major and common issue. Hence, it is not easy to get clean environment and clean air in a big city. Thus, clean air in a big city is a scarce resource.

In big cities, air pollution is a major and common issue. Hence, it is not easy to get clean environment and clean air in a big city and air quality is expected to be dirty in most of the cases. Thus, dirty air in a big city is not a scarce resource.

A public library may or may not be a scarce resource. The availability of a public library is a subjective issue. If the government and local authorities in an area has provided enough libraries given the number of students and visitors in the library, then we would say that a public library is not a scarce resource. However, if on the contrary, the number of libraries is not enough, it would be considered a situation where public libraries are scarce.

Economics Concept Introduction

Scarcity: Scarcity is the concept referring to the shortage of any resource. Human wants are unlimited and resources are limited. Thus, considering the unlimited human wants, the resources that are available to humankind are scarce.

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04:57

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Answer 2

Question

Chapter 2, Problem 1P

To determine

The scarce goods from the given options.

Expert Solution & Answer

Answer to Problem 1P

Following are the scarce goods:

d. Clean air in a big city

f. A public library

Explanation of Solution

Given options:

Garbage
Salt water in the ocean
Clothes
Clean air in a big city
Dirty air in a big city
A public library

Garbage is a waste for human beings and is undesirable. No human wants are satisfied with garbage. Thus, garbage is not scarce.

Oceans are a large part of our earth. There is no dearth of salt water in the oceans. Therefore, salt water in the ocean is not scarce.

Clothes are not a scarce resource. Clothes are made from either natural or synthetic fibers, which can be produced as much as humans want. Thus, clothes are not scarce.

In big cities, air pollution is a major and common issue. Hence, it is not easy to get clean environment and clean air in a big city. Thus, clean air in a big city is a scarce resource.

In big cities, air pollution is a major and common issue. Hence, it is not easy to get clean environment and clean air in a big city and air quality is expected to be dirty in most of the cases. Thus, dirty air in a big city is not a scarce resource.

A public library may or may not be a scarce resource. The availability of a public library is a subjective issue. If the government and local authorities in an area has provided enough libraries given the number of students and visitors in the library, then we would say that a public library is not a scarce resource. However, if on the contrary, the number of libraries is not enough, it would be considered a situation where public libraries are scarce.

Economics Concept Introduction

Scarcity: Scarcity is the concept referring to the shortage of any resource. Human wants are unlimited and resources are limited. Thus, considering the unlimited human wants, the resources that are available to humankind are scarce.

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Subscribe now to access step-by-step solutions to millions of textbook problems written by subject matter experts!

04:57

Answer 3

Question

Chapter 2, Problem 1P

To determine

The scarce goods from the given options.

Expert Solution & Answer

Answer to Problem 1P

Following are the scarce goods:

d. Clean air in a big city

f. A public library

Explanation of Solution

Given options:

Garbage
Salt water in the ocean
Clothes
Clean air in a big city
Dirty air in a big city
A public library

Garbage is a waste for human beings and is undesirable. No human wants are satisfied with garbage. Thus, garbage is not scarce.

Oceans are a large part of our earth. There is no dearth of salt water in the oceans. Therefore, salt water in the ocean is not scarce.

Clothes are not a scarce resource. Clothes are made from either natural or synthetic fibers, which can be produced as much as humans want. Thus, clothes are not scarce.

In big cities, air pollution is a major and common issue. Hence, it is not easy to get clean environment and clean air in a big city. Thus, clean air in a big city is a scarce resource.

In big cities, air pollution is a major and common issue. Hence, it is not easy to get clean environment and clean air in a big city and air quality is expected to be dirty in most of the cases. Thus, dirty air in a big city is not a scarce resource.

A public library may or may not be a scarce resource. The availability of a public library is a subjective issue. If the government and local authorities in an area has provided enough libraries given the number of students and visitors in the library, then we would say that a public library is not a scarce resource. However, if on the contrary, the number of libraries is not enough, it would be considered a situation where public libraries are scarce.

Economics Concept Introduction

Scarcity: Scarcity is the concept referring to the shortage of any resource. Human wants are unlimited and resources are limited. Thus, considering the unlimited human wants, the resources that are available to humankind are scarce.

Want to see more full solutions like this?

Subscribe now to access step-by-step solutions to millions of textbook problems written by subject matter experts!

04:57

Answer 4

Question

Chapter 2, Problem 1P

To determine

The scarce goods from the given options.

Expert Solution & Answer

Answer to Problem 1P

Following are the scarce goods:

d. Clean air in a big city

f. A public library

Explanation of Solution

Given options:

Garbage
Salt water in the ocean
Clothes
Clean air in a big city
Dirty air in a big city
A public library

Garbage is a waste for human beings and is undesirable. No human wants are satisfied with garbage. Thus, garbage is not scarce.

Oceans are a large part of our earth. There is no dearth of salt water in the oceans. Therefore, salt water in the ocean is not scarce.

Clothes are not a scarce resource. Clothes are made from either natural or synthetic fibers, which can be produced as much as humans want. Thus, clothes are not scarce.

In big cities, air pollution is a major and common issue. Hence, it is not easy to get clean environment and clean air in a big city. Thus, clean air in a big city is a scarce resource.

In big cities, air pollution is a major and common issue. Hence, it is not easy to get clean environment and clean air in a big city and air quality is expected to be dirty in most of the cases. Thus, dirty air in a big city is not a scarce resource.

A public library may or may not be a scarce resource. The availability of a public library is a subjective issue. If the government and local authorities in an area has provided enough libraries given the number of students and visitors in the library, then we would say that a public library is not a scarce resource. However, if on the contrary, the number of libraries is not enough, it would be considered a situation where public libraries are scarce.

Economics Concept Introduction

Scarcity: Scarcity is the concept referring to the shortage of any resource. Human wants are unlimited and resources are limited. Thus, considering the unlimited human wants, the resources that are available to humankind are scarce.

Want to see more full solutions like this?

Subscribe now to access step-by-step solutions to millions of textbook problems written by subject matter experts!

04:57

Answer 5

Chapter 2, Problem 1P

To determine

The scarce goods from the given options.

Expert Solution & Answer

Answer to Problem 1P

Following are the scarce goods:

d. Clean air in a big city

f. A public library

Explanation of Solution

Given options:

Garbage
Salt water in the ocean
Clothes
Clean air in a big city
Dirty air in a big city
A public library

Garbage is a waste for human beings and is undesirable. No human wants are satisfied with garbage. Thus, garbage is not scarce.

Oceans are a large part of our earth. There is no dearth of salt water in the oceans. Therefore, salt water in the ocean is not scarce.

Clothes are not a scarce resource. Clothes are made from either natural or synthetic fibers, which can be produced as much as humans want. Thus, clothes are not scarce.

In big cities, air pollution is a major and common issue. Hence, it is not easy to get clean environment and clean air in a big city. Thus, clean air in a big city is a scarce resource.

In big cities, air pollution is a major and common issue. Hence, it is not easy to get clean environment and clean air in a big city and air quality is expected to be dirty in most of the cases. Thus, dirty air in a big city is not a scarce resource.

A public library may or may not be a scarce resource. The availability of a public library is a subjective issue. If the government and local authorities in an area has provided enough libraries given the number of students and visitors in the library, then we would say that a public library is not a scarce resource. However, if on the contrary, the number of libraries is not enough, it would be considered a situation where public libraries are scarce.

Economics Concept Introduction

Scarcity: Scarcity is the concept referring to the shortage of any resource. Human wants are unlimited and resources are limited. Thus, considering the unlimited human wants, the resources that are available to humankind are scarce.

Answer 6

Chapter 2, Problem 1P

To determine

The scarce goods from the given options.

Expert Solution & Answer

Answer to Problem 1P

Following are the scarce goods:

d. Clean air in a big city

f. A public library

Explanation of Solution

Given options:

Garbage
Salt water in the ocean
Clothes
Clean air in a big city
Dirty air in a big city
A public library

Garbage is a waste for human beings and is undesirable. No human wants are satisfied with garbage. Thus, garbage is not scarce.

Oceans are a large part of our earth. There is no dearth of salt water in the oceans. Therefore, salt water in the ocean is not scarce.

Clothes are not a scarce resource. Clothes are made from either natural or synthetic fibers, which can be produced as much as humans want. Thus, clothes are not scarce.

In big cities, air pollution is a major and common issue. Hence, it is not easy to get clean environment and clean air in a big city. Thus, clean air in a big city is a scarce resource.

In big cities, air pollution is a major and common issue. Hence, it is not easy to get clean environment and clean air in a big city and air quality is expected to be dirty in most of the cases. Thus, dirty air in a big city is not a scarce resource.

A public library may or may not be a scarce resource. The availability of a public library is a subjective issue. If the government and local authorities in an area has provided enough libraries given the number of students and visitors in the library, then we would say that a public library is not a scarce resource. However, if on the contrary, the number of libraries is not enough, it would be considered a situation where public libraries are scarce.

Economics Concept Introduction

Scarcity: Scarcity is the concept referring to the shortage of any resource. Human wants are unlimited and resources are limited. Thus, considering the unlimited human wants, the resources that are available to humankind are scarce.

Answer 7

Chapter 2, Problem 1P

To determine

The scarce goods from the given options.

Answer 8

Expert Solution & Answer

Answer to Problem 1P

Following are the scarce goods:

d. Clean air in a big city

f. A public library

Answer 9

Expert Solution & Answer

Answer 10

Expert Solution & Answer

Answer 11

Explanation of Solution

Given options:

Garbage
Salt water in the ocean
Clothes
Clean air in a big city
Dirty air in a big city
A public library

Garbage is a waste for human beings and is undesirable. No human wants are satisfied with garbage. Thus, garbage is not scarce.

Oceans are a large part of our earth. There is no dearth of salt water in the oceans. Therefore, salt water in the ocean is not scarce.

Clothes are not a scarce resource. Clothes are made from either natural or synthetic fibers, which can be produced as much as humans want. Thus, clothes are not scarce.

In big cities, air pollution is a major and common issue. Hence, it is not easy to get clean environment and clean air in a big city. Thus, clean air in a big city is a scarce resource.

In big cities, air pollution is a major and common issue. Hence, it is not easy to get clean environment and clean air in a big city and air quality is expected to be dirty in most of the cases. Thus, dirty air in a big city is not a scarce resource.

A public library may or may not be a scarce resource. The availability of a public library is a subjective issue. If the government and local authorities in an area has provided enough libraries given the number of students and visitors in the library, then we would say that a public library is not a scarce resource. However, if on the contrary, the number of libraries is not enough, it would be considered a situation where public libraries are scarce.

Answer 12

Economics Concept Introduction

Scarcity: Scarcity is the concept referring to the shortage of any resource. Human wants are unlimited and resources are limited. Thus, considering the unlimited human wants, the resources that are available to humankind are scarce.

Answer 13

Ch. 2 - Prob. 1P Ch. 2 - Prob. 2P Ch. 2 - Prob. 3P Ch. 2 - Prob. 4P Ch. 2 - Prob. 5P Ch. 2 - Prob. 6P Ch. 2 - Prob. 7P Ch. 2 - Prob. 8P Ch. 2 - Prob. 9P Ch. 2 - Prob. 10P

The scarce goods from the given options.

The scarce goods from the given options.

Answer to Problem 1P

Explanation of Solution

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Chapter 2 Solutions